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Thread: Major forex participants

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    Default Major forex participants

    The major participants of a Forex market are:

    Commercial banks
    Exchange markets
    Central banks
    Firms that conduct foreign trade transactions
    Investment funds
    Broker companies
    Private persons
    Commercial banks conduct the main volume of exchange transactions. Other participants of the market have their accounts at the banks, conducting necessary conversion transactions. Banks accumulate (through transactions with the clients) the combined needs of the market in exchange conversions as well as in calling and distributing money, breaking with it into new banks.

    Exchange markets. Contrary to stock markets and markets for terminal exchange dealings, exchange markets do not work in a definite building and they do not have definite business hours. Thanks to the development of telecommunications most of the leading financial institutions of the world use services of exchange markets directly and via mediators 24 hours a day.

    Central banks control currency reserves, realize interventions that influence the exchange rate, and regulate the interest investment rate in the national currency. National central banks play an important role in the foreign exchange markets. They try to control the money supply, inflation, and/or interest rates and often have official or unofficial target rates for their currencies. They can use their often substantial foreign exchange reserves, to stabilize the market.

    Firms that conduct foreign trade transactions. Companies participating in international trade have a stable demand for foreign currency (importers) and supply (exporters).

    Investment funds. These companies, represented by various international investment, pension, and mutual funds, insurance companies, and trusts, realize the policy of diversified management of portfolio of assets by placing there money in securities of the governments and corporations of different countries.

    Broker companies bring together a buyer and a seller of foreign currency and conduct a conversion dealing between them. Their function includes meeting of the buyer and the seller of a foreign currency and realization between them conversion or credit-depositary operation. For the intermediary broker firms raise the broker commission in the form of percent from the sum of the transaction. Broker companies take a broker's fee. As a rule, in the FOREX market there is no fee as a per cent from the sum of a transaction, or as a sum agreed in advance. Usually the dealers of broker companies quote currency with a spread, that includes their fee.

    Private persons (also known as speculators). Natural persons realize a wide range of non-commercial transactions in the sphere of foreign tourism, transfers of salaries, pensions, royalties, buying and selling foreign currency. In modern conditions practically all financial transactions in the market are speculative by their nature. The international exchange system functioning in the world at the moment develops among people dealing with exchange and financial transactions: the so-called speculative psychology. In the world where exchange rates fluctuate for some per cent every week, where currencies, that are considered to be stable can lose 20 to 30 per cent of their cost during a few months, it's absolutely clear that the manager of a fund, trying to compensate for inevitable losses, has to use speculative operations.
    by forextheory.com

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    ya forex is a great market
    Most of peoples likes to trade in this market
    u can find big names in this market as u already given above
    forex popularity is increasing day by day

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    when my friend introduce me with this market,
    i thought it is very difficult,
    but after improving my knowledge of this market,
    i am getting so much involved in this market.
    thanks for introducing this market in india

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    so is the quotes getting from a forex broker is price of that particular broker or is it the price of forex in the international market?

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    Director of FXOpen Aus FXOjafar's Avatar
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    Quote Originally Posted by earncommunity View Post
    so is the quotes getting from a forex broker is price of that particular broker or is it the price of forex in the international market?
    In FXOpen's case, the price you are getting is the best quote from over 300 different banks. There is no central market in forex as you may know
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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    what is the best time to trade forex during the day for a intraday trader.

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    Quote Originally Posted by bibhutibhusan chand View Post
    what is the best time to trade forex during the day for a intraday trader.
    the best time if you are an indian so you can trade in morning 9. am to 4 pm
    from my experience i can suggest u this but this time is suitable only for eur/usd pair
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    Till u site have FXOPEN banner u can add u site. 2nd time warning.
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    which news affect the pairs more?can anyone tell me about this??and how long can the affect of news shown up on market and pair.

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